U.S. Bank Commits $202 Million in Tax Credit Investments

U.S. Bank more than doubled the amount of tax credit equity financing it committed to support community development projects in the southeastern United States last year. The bank committed $202 million in funding for projects.

Made through the bank’s community development subsidiary U.S. Bancorp Community Development Corporation (USBCDC) in the form of tax credit equity investments, the funding supported the development of affordable housing, rehabilitation of vacant buildings and job-creating economic development projects in rural areas.

PR Newswire

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